Jeffrey Reiss Acquires Retail Property In Patchogue For $1.125M

The freestanding retail property located at 472 Medford Avenue in Patchogue has been sold for $1,125,000. The vacant bank branch spans 2,936 square feet and is situated on a 37,000 square foot lot with 35 parking spaces. The property, zoned J2, offers potential for various uses. It is conveniently located across the street from the Brown's auto dealership and benefits from its proximity to downtown Patchogue's thriving Main Street.

Summary of transaction details

• Property Type: Retail
• Sale Price: $1,125,000
• Square Footage: 2,936 SF
• Price per Square Foot: $383
• Address: 472 Medford Avenue, Patchogue
• Market: Patchogue

Cushman & Wakefield's Long Island Investment Sales Team, led by Dan Abbondandolo, successfully represented JPMorgan Chase in the sale of the property. The transaction was facilitated by brokers Joegy Raju, Rob Cullen, Joe Musso, and Victor Little. For more information about this transaction, please reach out to Daniel Abbondandolo, Executive Director of Capital Markets at Cushman & Wakefield, at 516-375-6336 or [email protected].